British Pound / Japanese Yen

Short

GBPJPY waiting mode for short

By withoutmercy

Updated

I see correction move from new low, I would expect reaction on redzone or EMA to guide if short is favorable. If that happens 300 pips downward before look for long

Note

Price now around Ema 4 Hr chart, look for momentum downside and trend line break to confirm

Note

If you are aggressive, the sell should just begun

Note

snapshot

This plan executed by market as expected, when price hit red EMA on 4HR, price started to fall, now it is up to us to execute

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